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Mahenge Liandu mine design nearing completion

The mine design for investment group Armadale Capital’s Mahenge Liandu graphite project, in Tanzania, is being finalised, following a site visit by the project engineer. The mine design, which will be optimised to ensure high-grade areas are targeted first, will be included in a definitive feasibility study (DFS) for the …

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Govt’s efforts to curb illicit dealing in mining pays dividends

The Tanzanian government’s efforts to curb cheating in the mining industry, especially smuggling of minerals and gemstones has paid handsomely as the current revenue collections in the sector have shown a great increase as compared to previously. The current revenue collections reveal that they have risen to 470bn/- from an …

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Acacia halts North Mara gold processing over leak

Acacia mining has ceased operations in its North Mara gold mine in Tanzania following a prohibition notice to stop using its tailings storage facility from the National Environment Management Council. Despite receiving export permits from the Tanzania Mining Commission and the Ministry of Minerals last week, “All gold production at …

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Tanzania in call for bids for CNG points across the country

     Tanzania buys bulk CNG for stations and in future will be extended to locations where the stations will be built if the location will be in proximity to the current pipeline infrastructure. The Tanzania Petroleum Development Corporation is calling for investors in compressed natural gas (CNG) to establish fueling …

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Govt Closes Down Tanzanite One Mine

The government has temporarily closed mining activities of Tanzanite One Mining Limited (TML). The decision follows breach of some laws and rules and will pave way for some necessary amendments of the same. The Deputy Minister for Minerals, Mr Stanislaus Nyongo said here that initial contracts were beneficial to some …

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Barrick’s offer would alter Tanzania protective mining law

Canadian miner Barrick Gold Corp, the majority owner of London-listed mining firm Acacia Mining Plc, is proposing a plan that could reverse some of the gains Tanzania is seeking in a deal with the embattled company. Barrick’s proposed Framework Agreement with the Government of Tanzania seeks to have mining companies …

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Walkabout Resources offshoots first project

The first international project “early-start” by the emerging African graphite producer Walkabout Resources has started to commence procurement, manufacturing and site works for the Lindi Jumbo graphite project. Simultaneously with “early-start”, the company has finalised a placement of US$3.1 million at a price of A$0.23c which is a 10% discount …

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Zanzibar Gold eyes two assets for acquisition

Reports on the acquisition of Mkuvia gold property and Fakawi gold property by Zanzibar Gold Inc have been publicly aired. The Mkuvia property located in the Nachengwea area of southern Tanzania has had small scale local placer operators mining gold from the property since 2005. A preliminary operation plan was …

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Kibo converts Sanderson to key investor

Africa focused energy company – Kibo Energy has today signed a binding term sheet with Sanderson Capital Partners for the conversion of the latter’s 2.5 percent equity interest in the Tanzanian subsidiary, Mbeya Development Company Limited. Mbeya Development is the holder of the company’s physical 120.8Mt Coal Resource in Tanzania. …

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